XML 115 R87.htm IDEA: XBRL DOCUMENT v3.24.0.1
INCOME TAXES - Reconciliation of Effective Tax Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Amount      
U.S. statutory rate applied to income before taxes $ 12,957 $ 2,793 $ 11,845
State taxes 1,770 508 2,154
Foreign taxes (1,798) 248 (651)
Change in valuation allowance 2,192 2,871 3,695
Executive compensation 3,171 2,188 1,538
Stock-based compensation 4,070 (2,715) (2,963)
Tax credits (3,327) (3,245) (1,690)
Reserves 389 984 (738)
Interest expense 0 (3,477) (430)
Contingent consideration (719) (3,841) 247
Nondeductible expenses 975 1,164 1,929
Other 66 (85) (512)
Total income tax expense (benefit) $ 19,746 $ (2,607) $ 14,424
Tax Rate      
U.S. federal statutory rate (as a percent) 21.00% 21.00% 21.00%
State taxes (as a percent) 2.87% 3.82% 3.82%
Foreign taxes (as a percent) (2.91%) 1.86% (1.15%)
Change in valuation allowance (as a percent) 3.55% 21.58% 6.55%
Executive compensation (as a percent) 5.14% 16.45% 2.73%
Stock-based compensation 6.60% (20.41%) (5.25%)
Tax credits (as a percent) (5.39%) (24.39%) (3.00%)
Reserves (as a percent) 0.63% 7.40% (1.31%)
Interest expense (as a percent) 0.00% (26.14%) (0.76%)
Contingent consideration (as a percent) (1.17%) (28.88%) 0.44%
Nondeductible expenses (as a percent) 1.58% 8.75% 3.42%
Other (as a percent) 0.10% (0.64%) (0.92%)
Effective tax rate (as a percent) 32.00% (19.60%) 25.57%